Insurance >> Youngsters >> Bhavishya Jeevan
Table No. 95
Features
Premiums payable during the first five years are higher than the premiums payable during the balance term. This plan is identical to Ordinary Endowment Assurance plan without profits.
The plan involves high annual premium payments for the first five years after which the annual premium is reduced to one-third.
Special Features
This plan is ideal for individuals who have a short span of earning life for example film artistes, professionals on lucrative foreign assignments. During the first five years, the annual premium is three times the amount payable during the rest of the term.
The paid-up values are derived from the total premiums payable while the surrender values are according the surrender value factors applicable to Endowment policies.
Suitable For

People with short earning span like film artists, sportsmen, film artists, professionals on lucrative foreign assignments have a very short earning span. The income of such people is phenomenally higher over a short period and continuity of the income at the same level is uncertain thereafter.

They can afford to pay higher rates of premium at the start and eventually when resources start to dwindle, the premium amounts also reduce drastically.

Benefits
Survival benefits :
Sum Assured + vested Bonus
Death Benefits :
Sum Assured + vested Bonus
Plan Parameters
  Minimum Maximum
Entry Age (years) 12 nearer birthday 50
Sum Assured (Rs.) 50000 No limit
Term (years) 15 or 20 or 25
Mode of Payment Max Maturity Age Policy loan available
Yearly, half yearly, quarterly, monthly, salary saving scheme 70 Years Yes
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